Ethereum Gaming Token Axie Infinity Taps Another All-Time Price High

Games Dec 16, 2022 0 94 Add to Reading List

On Friday, the game token utilized within the Axie Infinity gaming realm has once again captured another all-time price high at $32.17 per unit. The game token has outperformed a great majority of crypto assets by commanding more than 844% in gains during the last month.

Axie Infinity Outperforms Crypto Competitors

The cryptocurrency community is chatting about the token axie infinity (AXS) again this week as the crypto asset has captured new price highs. On July 23, 2021, during the early morning trading sessions (EDT), AXS tapped an all-time high (ATH) at $32.17 per unit. The price of AXS has slid more than 3% from the ATH since, and is currently trading for $31.55 per unit at the time of writing. Over the last 24 hours, AXS has jumped a whopping 28.6% and 150.0% in two weeks.

AXS/USD on July 23, 2021, at 9:30 am EDT.

Out of the more than 10,000 crypto assets in existence, the AXS market valuation is currently ranked in the 53rd position. The AXS market cap is around $1.9 billion on Friday and there’s $3.1 billion in global trades dedicated to this coin. Interestingly, statistics from cryptocompare.com show the top trading pair with AXS is tether (USDT) which commands 83% of AXS trades today. This is followed by the BUSD (10.34%), BTC (4.46%), BNB (0.68%), USD (0.58%), and ETH (0.18%) trading pairs.

Smooth Love Potion Follows Axie Infinity’s Run-Up With Lighter Gains

Out of the entire crypto market capitalization of around $1.37 trillion, the axie infinity (AXS) market commands a 0.14% dominance rating. That’s a far cry from the dominance rating held by bitcoin (BTC) at 45.8% and ethereum (ETH) at 18.1%.

The other token tied to the Axie Infinity gaming universe, smooth love potion (SLP) has also seen some gains during the last 24 hours. The percentage gains are not nearly as large as AXS’s market performance but SLP is still up over 42.1% across the last two weeks. Smooth love potion is ranked 208th out of the 10,000 cryptocurrencies in existence today.

SLP/USDT on July 23, 2021, at 9:30 am EDT.

SLP has an overall market cap of around $155 million on Friday and there’s $229 million in 24-hour global swaps. At the time of writing, SLP is swapping for $0.287, down 27% from the coin’s ATH at $0.399 over ten days ago. SLP has a much different set of pairs than AXS, as the top trading pair with SLP is the stablecoin BUSD with 66.93% of trades. This is followed by ETH (28.85%), USDT (3.57%), USD (0.66%), and BTC (0.01%).